Damien Carranza is an nonexempt employee of Verent Enterprises where he is a salesperson, earning a base annual salary of $30,000 plus a 3 percent commission on all sales during the pay period. During the weekly pay period ending August 25, Damien closed $25,000 in sales and worked 4 hours overtime. Normal work week is 40 hours. Required: What is his gross pay for the period? (Do not round your intermediate calculations. Round your final answer to 2 decimal places.)

Total weekly pay of August =   =  $ 1468.75

Explanation:

Annual salary = $30,000

Monthly Salary = $ 30,000/12=  $ 2500

Salary for 40 hours * ( 4 weeks) = 160 hours = $ 2500

Salary for 1 hour= $ 2500/160=  $ 15.625= $ 15.63

He worked additional 4 hours so pay for four hours is = 4 * 15.63=  $ 62.5

But as he is a non exempt  employee he is entitled to get 1.5 times higher than normal pay for over time so  

he will be paid $ 62.5 * 1.5= $ 93.75 for over time

Commission on Sales = 3 % of $25,000

                                    = $ 750

Weekly pay= $ 2500/4=  $ 625

Total weekly pay of August =  Weekly pay + Commission + Overtime

                                                =  $ 625 +  $ 750 +  $ 93.75

                                                 =  $ 1468.75

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